Industrial Cold Storage Food Processing Facility

Rochester, NY MSA
Deal Type:
Net Lease
Price:
$6,065,976
Cap Rate:
7.65%
Current Rent:
$464,047
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 16 years
Renewal Options:
Two, 10-Year
Building Sq. Ft.:
42,700 SF
Rent Increases:
2.00% Annual
Site Size:
3.69 Acres
  • Industrial Cold Storage Food Processing Facility Stream Capital Partners
  • Industrial Cold Storage Food Processing Facility Stream Capital Partners
  • Industrial Cold Storage Food Processing Facility Stream Capital Partners
  • Industrial Cold Storage Food Processing Facility Stream Capital Partners
  • Industrial Cold Storage Food Processing Facility Stream Capital Partners

Investment Highlights

  • Long term, absolute NNN lease with nearly 16 years remaining lease term
  • Highly desirable Rochester, NY submarket with low 3.1% industrial vacancy and 3.9% annual rent growth
  • Strategically located at the I-90 and I-390 interchange, near the Greater Rochester International Airport
  • Attractive below-market rent and basis for cold storage/food production facility

Listing Agents

Jeff Lizzo

Managing Director
630 222 8409
[email protected]

Daniel Macks

Managing Director
847 420 2116
[email protected]

Broker of Record: Michael Antonoplos, Lic. #NY- 109923763

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